Macau’s casino stocks surge as Guangdong authorities relax travel restrictions to the world’s gambling capital

Macau casino stocks soared as neighbouring Guangdong province eased travel restrictions over the coronavirus that contributed to massive losses in revenue in the world’s biggest gambling town. Galaxy Entertainment rose as much as 11.1 per cent to HK$56.50 in early Tuesday trading, while Sands China, which also has a huge presence in Macau’s hot Cotai Strip, shot up by as much as 8.9 per cent to HK$33.55. Guangdong province will lift the 14-day quarantine requirement for visitors crossing the…

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